Sonic Plunges 16.7% as Strategic Pivot Tests Investor Patience
Sonic plunges 16.7% to $0.116 in a strategic pivot test. RSI at 34.5 signals oversold conditions after CEO transition triggers profit-taking. Support at $0.106 holds, but bulls face resistance at $0.124-$0.142. Market structure shifts lower as Sonic’s value halves since December highs, leaving traders wondering about an oversold bounce.